Category Archives: Awsome Quotes

51) “The success of small nation-states continues even today. If you look at the World Bank’s list of the richest nations in the world (as measured by GPD per capita at purchasing power parity), you see Luxembourg, Qatar, Macau, Singapore, Norway, Kuwait, Brunei, Switzerland, and Hong Kong. Perhaps Macau and Hong Kong, as parts of China, should not be included, in which case you add the U.S. and the United Arab Emirates (similar nations appear on the International Monetary Fund’s list).

The U.S. excepted, the common characteristic of all these nations is that they are small. Switzerland (7.9 million) and Hong Kong (7 million) have the largest populations; Singapore and Norway both have around 5 million. The rest are below 3.5 million.

Some of these nations — Qatar, Norway, Brunei, Kuwait, and the US — benefit because of their oil. But why then do other oil-producing nations such as Saudi Arabia, Russia, Iran, China, Nigeria, or Venezuela, which all have much more dubious social structures, not feature?

Other small nations — Luxembourg and Switzerland, for example — appear on the list because of their competitive tax rates and banking. But these are legislative options that are open to other countries in the world.

In 1950 and 1970, the USA, with its currency tied to gold, freedoms, low taxes, property rights, and semiautonomous states, topped the list. As its government has grown and its power become centralized, its ranking has fallen.

In a small state, there is less of gap between those at the top and bottom, there is more transparency and accountability, it is harder for the state to hide things, there is more monitoring, less waste and more dynamism. Small is flexible, small is competitive — small really is, as economist E.F. Schumacher said, beautiful.

Even states in the U.S. should seriously consider dropping out of the union. Their people would thrive because of it.

If a region wants an expansive government, lots of regulation, and a large welfare state, it can vote for it. If it wants low, transparent taxes, it can vote for that. In such a small environment, political change can actually happen. People can get the government they want. New parties can spring up. Welfare is easier to administrate. It’s easier to change or adapt laws and regulations. Competition between states will improve governance and productivity. Each region would benefit from increased pride, flexibility, dynamism, and responsibility. It would be a return to diversity.

A country breaking up into smaller entities does not mean there need be barriers between the two: There can still be trade; there’s no need for border checkpoints and tariffs. There can still be exchange; it just means the disintegration of large, unnecessary, overruling bureaucratic bodies.” Dominic Frisby

52) “Concentrated power is the enemy of liberty.” Ronald Reagan

53) “Liberty is not collective, it is personal. All liberty is individual liberty.” President Calvin Coolidge

54) “To have a planner, rather than individual consumers, dictate demand and influence supply, in any market, be it home mortgages or healthcare, necessarily imposes simultaneous shortages and surpluses, wasting resources, as disparate individual desires are efficiently ignored in subjugation to the central state.” Mike Maloney

55) “The plain fact is that education is itself a form of propaganda – a deliberate scheme to outfit the pupil, not with the capacity to weigh ideas, but with a simple appetite for gulping ideas ready-made. The aim is to make ‘good’ citizens, which is to say, docile and uninquisitive citizens.” H.L. Mencken

56) “The truth is that schools don’t really teach anything except how to obey orders. This is a great mystery to me because thousands of humane, caring people work in schools as teachers and aides and administrators, but the abstract logic of the institution overwhelms their individual contributions.” John Taylor Gatto

57) “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” Carl Sagan

58) “An Indian bride without gold is like rice without salt, bland.”

59) “If you concede to the very idea of an income tax then you believe the government owns 100% of your income, they are entitled to make a gift of whatever is left over to you, that you do not have any entitlement to the fruits of your labor, and that the government owns you. The morality behind any income tax is corrupt. When the income tax, IRS, and Federal Reserve Law passed in 1913 the income tax brackets where 1%, 2%, 3%, 4%, and the highest income tax bracket 5%. It turned out that 97% of the population did not qualify for 1% income tax so it was a “tax the rich” law and it had these very low non-burdensome taxes. During WW II and in the 1950s the highest income tax was 92%. The people who pay much income tax employ many people. If they spend all their time moving their currency around so they don’t have to pay as much to the federal government, they’re wasting their time. They need to do things to create more jobs and prosperity. Almost everything the government does limits prosperity. Regarding deficit spending, when the government spends a new unit of currency into circulation it gets its purchasing power by diluting the currency supply and stealing the purchasing power from all the other units of currency. The net gains when doing deficit spending is at most zero, but because the government has all these frictional jobs. There is almost nothing you get from the government that you would actually open up your wallet and pay for. Would you pay the IRS to hire accountants, CPA, and force you to fill out all those forms? All these frictional jobs and people have to get paid somehow. It all comes out of the prosperity of the entire economy. When the government whips up currency to do some deficit spending or sell bonds it doesn’t stimulate the economy. It warps the economy and the net is always less than zero. It destroys prosperity. It does not create prosperity.” Mike Maloney

60) “If we agreed that a single gold coin was going to be the entire world currency supply we could estimate the number of atoms in that one troy ounce of gold which I have done. I believe it comes to 95 sextillion which is something like 50 quadrillion times the entire currency supply of the planet. You could put that one gold coin in a vault, put it where people can see it, where there’s cameras, lights, and high security. You could give every atom a serial number and circulate those serial numbers digitally and just agree that’s our currency and there is plenty there in one ounce of gold. It doesn’t matter how many units of currency there are. What matters is the number times the purchasing power of each currency unit. If the number of currency units mattered Columbia would be one of the richest countries on the planet since I paid $1 million pesos to take a cab ride from the airport to the hotel. Regarding Zimbabwe, each $100 trillion Zimbabwe bill would have more purchasing power than all the currency on the planet. This hyperinflation event has happened many times including the French Revolution, Peru in the 1980s etc. When they run one currency into a hyperinflation, nobody trusts the second currency.” Mike Maloney

61) “If you are afraid to speak out against tyranny, you are already a slave.”

62) “In order to be effective, truth must penetrate like an arrow and that is likely to hurt.” Wei Wu Wei

63) “We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with.” Ron Paul

64) “In order to be effective, truth must penetrate like an arrow and that is likely to hurt.” Wei Wu Wei

65) “In 2006, Russia tried to ban the words “euros” and “dollars” from the media and official speech. Now, one lawmaker wishes to ban the use of dollars in Russia at all. The lawmaker, Mikhail Degtyarev, said the dollar was like a Ponzi scheme. He warned that the Russian government would have to bail out Russians holding onto dollars in the event of dollar collapse. ‘If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017’ said Mr. Degtyarev of the Liberal Democrat Party.” Jeff Berwick 11/14/13

66) “Four hostile newspapers are more to be feared than a thousand bayonets.” Napoleon Bonaparte

67) “Bend over and grab your ankles” should be etched in stone at the entrance to every government building and every government office.”

68) “Liberty isn’t given to us; it is taken by us, and if not, we will not have it.”

69) “Democracy is two wolves and a lamb deciding what’s for dinner – and Liberty is a well-armed lamb contesting the vote.”

70) “The truth is like a lion. You don’t have to defend it. Let it loose. It will defend itself.” St. Augustine

71) “Natural ability of people to solve their problems has been forcibly restricted throughout history.” Stefan Molyneux

72) “There are a thousand hacking at the branches of evil to one who is striking at the root.” Henry David Thoreau

73) “It’s been easier to convince people to hand over half their income, their children to war, and their freedoms in perpetuity – than to engage them in seriously considering how roads might function in the absence of taxation.” Stefan Molyneux

74) “The myth that war is good for a capitalist economy is easily debunked by rational economics – war is good for government income, and for the income of those who supply war materials, but disastrous for everyone else.” Stefan Molyneux

75) “The possibility of corruption, and/or error is often considered to be an airtight argument against anarchy, when in fact it is an airtight argument for anarchy and against Statism.” Stefan Molyneux

76) “It took just a little more than a century for the US – founded on the idea of limited government, institute the income tax, take control of the money supply and the educational system and begin its catastrophic expansion.” Stefan Molyneux

77) “Paper constitutions have the same long-term value as paper money; also, like paper money, they lend a false sense of security to the holder. What constitution has ever kept the government from rewriting or discarding it throughout history? Just look at Latin America and Europe: one could make a bonfire with the constitutions they have gone through in the last 500 years.

But the heart of the matter is this: Concentrated power that legalizes robbery to fund itself will always win in the end. It always wins because the State steals from those who work, so that State-connected interests do not need to work to put food on the table, and can thus occupy their days working to consolidate their power. The consolidated power is eventually turned on those whom the original, limited power was intended to serve. And because the victims have to work for a living, they do not have the means of fighting back.” Stefan Molyneux

78) “The school system is designed to teach obedience and conformity and prevent the child’s natural capacities from developing.” Noam Chomsky

79) “If the government offered as much assistance to people starting small businesses as it does to people who refuse to work, America may not be as screwed up as it is.”

80) “It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” Thomas Sowell

81) “You really want a level playing field? Then get rid of the State. Then the power is truly in the hands of the masses. Because “the Market” really is just “the People” spending their money and deciding who gets rich based on who best serves them by bringing them commodities and comforts.” Gary Gibson

82) “There is all the difference in the world between treating people equally and attempting to make them equal.” Fredrick Hayek

83) “We don’t even have a Secretary of the Treasury, we have a Secretary of the Debt because there is no Treasury, the Treasury is empty, all we’ve got are liabilities.” Peter Schiff

84) “I, like all other citizens in this country, am essentially on parole – one mistake away from being re-incarcerated.” Jeffrey A. Tucker

86) “The State never intentionally confronts a man’s sense, intellectual or moral, but only his body, his senses. It is not armed with superior wit or honesty, but with superior physical strength. I was not born to be forced. I will breathe after my own fashion.” Henry David Thoreau

87) “War is a quarrel between two thieves too cowardly to fight their own battle; therefore they take boys from one village and another village, stick them into uniforms, equip them with guns, and let them loose like wild beasts against one other.” Thomas Carlyle

88) “There is no worse tyranny than to force a man to pay for what he does not want, merely because you think it would be good for him.” Robert Heinlein

89) “Liberty will not descend to a people, a people must raise themselves to liberty.” Emma Goldman

90) “Man is free at the moment he wishes to be.” Voltaire

91) “A man is but the product of his thought, what he thinks, he becomes.” Mahatma Gandhi

92) “Show me the person and I’ll show you the felony.” Harvey Silverglate, author and lawyer

93) “The evils of tyranny are rarely seen but by him who resists it.” John Hay

94) “Noncooperation with evil is as much a duty as cooperation with good.” Gandhi

95) “The state calls its own violence law, but that of the individual crime.” Max Stirner

96) “The limitation of tyrants is the endurance of those they oppose.” Frederick Douglas

97) “If a law is unjust, a man is not only right to disobey it, he is obligated to do so.” Thomas Jefferson

98) “Disobedience is the true foundation of liberty. The obedient must be slaves.” Henry David Thoreau

99) “This and no other is the root from which a tyrant springs; when he first appears he is a protector.” Plato

100) “There comes a time when a moral man can’t obey a law which his conscience tells him is unjust.” Martin Luther King

101) “The times call for courage. The times call for hard work. But if the demands are high, it is because the stakes are even higher. They are nothing less than the future of human liberty, which means the future of civilization.” Henry Hazlitt

102) “Show me the person and I’ll show you the felony.” Harvey Silverglate, author and lawyer
103) “Government is a broker in pillage and every election is a sort of advance auction in stolen goods.” H.L. Mencken

104) “The few who govern take care to nourish those opinions, and that is no easy task, for the opinions needed to make the many submit to the few are often at variance with observable fact. The success of government thus requires the acceptance of fictions, requires the willing suspension of disbelief, requires us to believe that the emperor is clothed even though we can see that he is not.” Edmund Morgan

105) “To be governed is to be watched, inspected, spied upon, directed, law-driven, numbered, regulated, enrolled, indoctrinated, preached at, controlled, checked, estimated, valued, censured, commanded, by creatures who have neither the right nor the wisdom nor the virtue to do so. To be governed is to be at every operation, at every transaction noted, registered, counted, taxed, stamped, measured, numbered, assessed, licensed, authorized, admonished, prevented, forbidden, reformed, corrected, punished. It is, under pretext of public utility, and in the name of the general interest, to be [placed] under contribution, drilled, fleeced, exploited, monopolized, extorted from, squeezed, hoaxed, robbed; then, at the slightest resistance, the first word of complaint, to be repressed, fined, vilified, harassed, hunted down, abused, clubbed, disarmed, bound, choked, imprisoned, judged, condemned, shot, deported, sacrificed, sold, betrayed; and to crown all, mocked, ridiculed, derided, outraged, dishonored. That is government; that is its justice; that is its morality.” Pierre-Joseph Proudhon

1) “When you or I write a check there must be sufficient funds in our account to cover to the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.” The Boston Federal Reserve, “Putting It Simply”

2) “Sending good people in to reform a state is like sending virgins in to reform a whorehouse.” Anonymous

3) “Let them march all they want, so long as they continue to pay their taxes.” Alexander Haig. Secretary of State to President Ronald Reagan

4) “It would take a salary of $396,536 today (2013) to equal in purchasing power a $35,000 income in 1980.” John Williams, Shadowstats.com

5) “Inflation has also eroded savings. $10,000 in the bank in 1980 would need to have grown to $113,296 in 2013 to be of equal value. That banked $10,000 in 1980 would have to yield about 8% compound interest over 33 years to equal $113,296 today. That never happened.” John Williams, shadowstats.com

6) “If corporations are people then they should be executed for mass murder.” Roseanne Barr

7) “I will not let anyone walk through my mind with their dirty feet.” Mahatma Gandhi

8) “The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” John Kenneth Galbraith

9) “The Banks own the Senate.” Illinois Senator Dick Durbin

10) “The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank… sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent rewards in the business world.” Professor Carroll Quigley, “Tragedy and Hope”

11) “The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title.” Anonymous

12) “The only thing new in the world is the history you do not know.” — Harry S Truman, 33rd US President

13) “No amount of force can control a free man, whose mind is free. No, not the rack, nor the atomic bomb, nor anything. You can’t conquer a free man; the most you can do is kill him.” Robert A. Heinlein

14) “A ballot is just a substitute for a bullet. If your vote isn’t backed by a bullet, it is meaningless. Without the bullet, people could ignore the election outcome. Voting would be pointless. Democracy has violence at its very core!” Muir Matteson, “The NonViolent Zone”

15) “Thus we can see that – at least at the level of economics – democracy is a sort of slow-motion suicide, in which you are told that it is the highest civic virtue to approve of those

16) “The idea that the State is capable of solving social problems is now viewed with great scepticism – which foretells a coming change. As soon as scepticism is applied to the State, the State falls, since it fails at everything except increasing its power, and so can only survive on propaganda, which relies on unquestioning faith.” Stefan Molyneux

17) “Corporations are legal fictions created by the State to shield executives from liability… It’s like if I had a little hand-puppet, and I went to rob a bank, and the hand-puppet held the little gun and told people to hand over all the money, and then the hand-puppet grabbed the money and ran out, and then I got caught and I handed the hand-puppet over the police and then the police tried the hand-puppet, put the hand-puppet in jail, and I get to keep all the money.” Stefan Molyneux

18) “Politicians are propaganda, the people with guns are the enforcers and the media is the enthusiastic lapdog who enables the entire behavior and acts as the verbal abuser against those who deviate from nodding their heads at the vast statues of evil that we inherited.” Stefan Molyneux

19) “The continual manufacture of enemies is essential to the growth of the fascist state.” Stefan Molyneux

20) “If men are good, you don’t need government; if men are evil or ambivalent, you don’t dare have one.” Robert LeFevre

21) “I would define government as a group of men who sell retributive justice to the inhabitants of a limited geographical area at monopolistic prices.” Robert LeFevre

22) “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” Milton Friedman

23) “Nothing is so permanent as a temporary government program.” Milton Friedman

24) “Underlying most arguments against the free market is a lack of belief in freedom itself.” Milton Friedman

25) “I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.” Milton Friedman

26) “If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.” Milton Friedman

27) “Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.” Milton Friedman

28) “You wasted $150,000 on an education you coulda got for a buck fifty in late charges at the public library.” Will Hunting

29) “Government’s three major funding sources are not voluntary exchanges of value. They are taxation, money printing, and borrowing (with no intention of ever paying back the loan). More accurate terms would be: robbery, counterfeiting, and loan fraud.” Muir Matteson, “The NonViolent Zone”

30) “The problem with the state isn’t a bad politician here or there. It’s not just the Republicans. It’s not just the Democrats. (It’s not limited to any party in any country.) The problem is the state. It creates opportunities for plunder and abuse that are enormously attractive to anyone with the potential capacity to use it to exploit others.” Gary Chartier, Conscience of an anarchist

31) “The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.

32) “The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.” John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in ‘Money: Whence it came, where it went’ (1975).

33) “The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus.

34) “I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

35) “The bank hath benefit of interest on all moneys which it creates out of nothing.” William Paterson, founder of the Bank of England in 1694, then a privately owned bank

36) The real truth of the matter is,as you and I know, that a financial
element in the large centers has owned the government ever since
the days of Andrew Jackson… -Franklin D. Roosevelt
(in a letter to Colonel House, dated November 21, 1933)

37) “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” Woodrow Wilson a few years after having signed into law the Federal Reserve Act of 1913

38) “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” James Madison

39) “I just want you to know that, when we talk about war, we’re really talking about peace.” George W. Bush, June 18, 2002

40) “The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.” George Orwell

41) “Today 200 of the world’s richest people now control more than $3 trillion between them, after they collectively gained $8.4 billion just yesterday.” Greg Guenthner

42) “One of the traditional methods of imposing Statism or Socialism on a people has been by way of medicine. It’s very easy to disguise a medical program as a humanitarian project. Most people are reluctant to oppose anything that suggests medical care to people who possibly can’t afford it. The doctor begins to lose freedoms. It’s like telling a lie and one leads to another. First you decide the doctor can have so many patients. They are equally divided amongst the various doctors by the government, but then the doctors aren’t equally divided geographically. So a doctor decides he wants to practice in one town. The government says to him ‘You can’t live in that town. They already have enough doctors. You have to go someplace else.’ From here it’s only a short step to dictating where he will go. This is a freedom that, I wonder whether any of us have the right to take from any human being. Take it into your own occupation or that of your husband. All of us can see what happens. Once you establish the precedent that the government can determine a man’s working place, working methods, and determine his employment, from here it’s a short step to socialism to determining his pay and pretty soon your son won’t decide when he’s in school, where he will go and what he will do for a living. He will wait for the government to tell him where he will go to work and what he will do.” Ronald Reagan 40th US President

43) “Since the general civilization of mankind I believe there are more abridgments of the freedom of the people by gradual and silent encroachment by those in power, than by violent and sudden usurpations.” James Madison 1788 Virginia Convention

44) “…if I contracted cancer, I would never go to a standard cancer treatment centre. Only cancer victims who live far from such centres have a chance.” Dr. Charles Mathe, French cancer specialist

45) “There are several cures for cancer, but there’s no money in them. They’re natural, effective, and inexpensive, no expensive drugs are involved but they require quite a lot of self-discipline from patients. It costs millions to fund research and clinical trials needed to produce a new cancer drug that can be patented and sold. Often these drugs create more illness. It has been said that the key to success in the health business is to pull off the trick of making people patients for life. Consider how many people who registered a couple of abnormal blood pressure readings have been kept on medication until the medication killed them, when a quick fix course of drugs supported by major changes of diet and lifestyle would have returned their physical condition to an unmedicated healthy state.” Dr. Robert Atkins, MD, of Atkins Diet

46) “A study of over 10,000 patients shows clearly that chemo’s supposedly strong track record with Hodgkin’s disease (lymphoma) is actually a lie. Patients who underwent chemo were 14 times more likely to develop leukemia and 6 times more likely to develop cancers of the bones, joints, and soft tissues than those patients who did not undergo chemotherapy.” Dr. John Diamond, M.D

47) “We have a multi-billion dollar industry that is killing people, right and left, just for financial gain. Their idea of research is to see whether two doses of this poison is better than three doses of that poison.” Dr. Glenn Warner

48) “As a chemist trained to interpret data, it is incomprehensible to me that physicians can ignore the clear evidence that chemotherapy does much, much more harm than good.” Dr. Alan C. Nixon, past president of the American Chemical Society

49) “Most cancer patients in this country die of chemotherapy. Chemotherapy does not eliminate breast, colon, or lung cancers. This fact has been documented for over a decade, yet doctors still use chemotherapy for these tumors.”

50) “Whenever you find yourself in the side of the majority, it is time to pause and reflect.” Mark Twain

55) “Original dollars (Constitutional money) that was convertible into gold was money that represented a unit of man’s labor. Federal Reserve money represents nothing but man’s greed and man’s desire to get something for nothing. It’s the Fed’s mistaken concept that by creating “money” out of nothing, they can revive a listless economy.”

56) “This morning, not only is the Rupee down to yet another ALL-TIME LOW, but in spectacular fashion – by 2.4%, to 63.12 Rp/dollar! Frankly, the Indian government could post tanks and infantry at its borders – yet still, gold and silver will be smuggled into the country in unprecedented amounts.” Andy Hoffman, Miles Franklin, August 19, 2013

57) “We, the People created the several states from our Common Law, The Law of Immemorial Antiquity, which is also known as the Rule of Law. We endowed the states with powers we had from the common law to protect us. We could not grant the state any power that we did not possess!

Example: Each of us does not have the right take money from one’s neighbor and give that money to another. That is not within our inherent rights. Hence, we then cannot delegate such a right that we did not originally have to the state. Therefore, the state cannot take money from one’s neighbor and give it to another.” Ronald MacDonald and Robert Rowen , “They Own It All (Including You)”

58) “If the money masters were all powerful, gold would remain at $21.66 per ounce! The fact that gold prices are over $1300 shows that the price manipulators, or price liars, are failing…By the time 1% of the population of the USA, or 1% of the wealth sitting in the banks tries to protect itself from inflation and buy silver, the price of silver will be headed over $500 dollars per ounce. The math is rather simple. There is only about 700 million ounces produced each year, and most of that is purchased by industry. There might be a maximum of 300 million ounces of silver newly available at any price for new investors. Thus, 1% of money in the banks is about $180 billion. So the price is $180,000 million / 300 million, which is $1800/3, or $600/oz.

As I see it, the price you pay for silver is like an IQ test for our economic era. Anyone getting silver under $500/oz., is in the top 1% on the Silver IQ test, and is about three standard deviations above the mean smarter than everyone else! Therefore, consider how smart you must be to be buying silver today!” Jason Hommel, Silver Stock Report, August 20, 2013

59) “Gold is money, and everything else is credit.” J.P. Morgan, circa 1910 Jekyll Island, Georgia at the meeting during which the Federal Reserve was conceived and 3 years later was forcibly signed into legislation by President Woodrow Wilson

60) “Printing and currency debasement has never worked and it never will. What lies ahead is a chaotic collapse of any asset reliant upon the integrated web of fiat money creation. Most people refer to it as hyperinflation of prices. In our mind, it makes more sense to refer to it as hyper-devaluation of paper currencies — an instantaneous, hyperbolic collapse relative to real assets. As was reiterated this week, gold is not going up, the currencies are going down with increasing volatility and speed.

At some point, paper currencies will collapse down the elevator shaft of history. While the elevator shaft is linear, gravity makes the experience much more terrifying. Time is running very short for people to convert as much fiat currency assets into real assets as possible. The stampede into gold and silver continues apace. One can only wonder about when panic will ensue for industrial users dependent upon silver in a declining production, increased demand world.” Robert Fitzwilson

61) “Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. This kills all objective standards and delivers men into the arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a check drawn by legal looters upon an account, which is not theirs: Watch for the day when it bounces, marked “account overdrawn.” Ayn Rand

62) “Extremists often predict dire or catastrophic consequences from a situation or from a failure to follow a specific course, and they tend to exhibit a kind of crisis-mindedness. It can be a Communist takeover, a Nazi revival, nuclear war, earthquakes, floods, or the wrath of God…Nowadays, instead of dressing in sheets or publicly espousing hate messages, many extremists will talk of individual liberties, states’ rights, and how to make the world a better place…In U.S. history, there are many examples of extremist ideologies and movements. The Colonists who sought to free themselves from British rule and the Confederate states who sought to secede from the Northern states are just two examples.” Department of Defense training manual, section entitled Extremist Ideologies

63) “While the first 8 amendments are known as The Bill Of Rights, this is misnomer. Rights came from the Creator, not the Constitution. Those amendments were really a Bill of Restraints against the federal government from ever moving on those common law rights. Don’t believe us? Here is the preamble to the ‘Bill of Rights’

The Conventions of a number of the States having at the time of their adopting the Constitution, expressed a desire, in order to prevent misconstruction or abuse of its powers, that further declaratory and restrictive clauses should be added: And as extending the ground of public confidence in the Government, will best insure the beneficent ends of its institution…

The preamble clearly states that the amendments are restrictions against the central government. The amendments were not a declaration of rights the people already possessed! Rights never did come from the constitution. Rights are inherent in man.” Ronald MacDonald and Robert Rowen , “They Own It All (Including You)”

64) “When in the course of human history, it becomes time to free oneself from governmental tyranny, it is necessary to state the reasons for such liberation.

1) All taxation is theft and a violation of individual rights and self-ownership.

2) All laws are tools of enslavement designed to keep us in a mental prison.

3) Voting is a joke and gives no authority for one person or group of people to rule another group.

4) Statism, like all religions, is about submission to authority, not the elevation of one’s own value as a human being.

5) Violence is a barbaric way to control people and should only be used in self-defense.

We are not sheep to be corralled, prodded, and slaughtered. We are free human beings with the rights to self-ownership, self-determination, and self-respect. We declare that we are the owners of this planet and shall treat it and each other with respect and love.

No more wars, no more disease, no more death, no more hatred. Only peace and voluntary cooperation. Amen.” Declaration of Freedom/Anarchist Manifesto

65) “One hundred percent of what is collected is absorbed solely by the interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.” — “The Grace Commission Report,” 1984

66) “The US Dollar is about 60% of the value of all the currency on the planet and more than half of the dollars reside outside the United States.”

67) “Here are the golden nails in the coffin for the US dollar standard.

1) Nixon Removes Gold Backing 1971

2) Iraq Sells Oil in Euros

3) Following the 2008 crisis the Federal Reserve adds $1.25 trillion to the US base money.

4) Iran Ends Dollar Oil Sales (instead using local currency or gold)

5) Quantitative Easing 2 adds $600 billion to US base money

6) Libya to Sell Oil in Gold Dinar

7) China and Russia Bypass Dollar using a bilateral trade agreement by holding each other’s currency and doing a direct debt settlement without having to wire transfer US dollars

46) US Chamber of Commerce Survey “74% of small businesses will fire workers, cut hours under Obamacare”

47) 450 metric tons of gold (net) exits COMEX and GLD vaults in 2013 (some goes to China and some to the global Central banks)

48) Gold to replace the US Dollar as Yuan reference”

Mike Maloney, Hidden Secrets of Money Episode 3

68) “If the economy were a cocktail drink it would be called a Kamikaze.” Peter Schiff

69) “The ‘anarchist/voluntarist’ point of view is that government is an irrational concept, which boils down to people telling other people what to do at the point of a gun, or using the circular logic that their code applies because their code says so.” Marc Stevens

70) “The state doesn’t actually exist. It is just a group of individuals in costumes, listening to other people in costumes, committing massive crimes.” Jeff Berwick

71) “At the start of World War I the exchange rate had been a mere 4.2 marks to the dollar. In simple terms you needed 4.2 marks in order to get one dollar. Now it was 2 billion marks to get one dollar. And thirteen months from this date (late November 1923) you would need 4.2 trillion marks to get one dollar. In ten years the amount of money had increased a trillion fold.

A million dollars is enough to pay you $500 per week for 40 years (and that’s without benefit of interest). To get a billion dollars you would have to set aside $500,000 dollars per week for 40 years. And a trillion would require $500 million every week for 40 years.

In the middle of 1914, just before the war, a one pound loaf of bread cost 13 cents. Two years later it was 19 cents. Two years more and it sold for 22 cents. By 1919 it was 26 cents. Now the fun begins.

In 1920, a loaf of bread soared to $1.20, and then in 1921 it hit $1.35. By the middle of 1922 it was $3.50. At the start of 1923 it rocketed to $700 a loaf. Five months later a loaf went for $1200. By September it was $2 million. A month later it was $670 million (wide spread rioting broke out). The next month it hit $3 billion. By mid month it was $100 billion. Then it all collapsed.

In 1913, the total currency of Germany was a grand total of 6 billion marks. In November of 1923 that loaf of bread we just talked about cost 428 billion marks. A kilo of fresh butter cost 6000 billion marks (as you will note that kilo of butter cost 1000 times more than the entire money supply of the nation just 10 years earlier).” Art Cashin on German Weimar Republic hyperinflation

72) “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. Those to whom the system brings windfalls become profiteers.” John Maynard Keynes

73) “Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower’s IOU.” Federal Reserve Bank of New York, “I Bet You Thought”

74) “The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money.” Federal Reserve

75) “Our entire monetary system is nothing but a form of legalized theft.” Mike Maloney, Hidden Secrets of Money Episode 4

77) “Bond is the root word from the bondage. It is a form of enslavement. Whenever a government issues a bond, it is a promise make us pay tax in the future.” Mike Maloney, Hidden Secrets of Money Episode 4

78) “No generation has a right to contract debts greater than can be paid off during the course of its own existence.” George Washington

79) “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to created money and control credit, and with the flick of a pen, they will create enough money to buy it back again. But if you want to continue as the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit.” Sir Josiah Stamp, Director of the Bank of England

82) “The four choices of a new monetary system consist of Multiple Reserve Currencies, Special Drawing Rights, Gold Standard, and Chaos. I favor gold but I fear we may get chaos.” James Rickards, author of “Currency Wars”

84) “In 1959 France and other countries call USA’s bluff as foreign central banks started asking for their gold back at $35/oz. During this run on gold the US lost 50% of its gold from 1959-1971 when President Nixon removed the US dollar from its gold backing.” Mike Maloney, Hidden Secrets of Money Episode 3

85) “When you charge your credit card you are creating currency. The bank didn’t loan you any money. They just invented some numbers and then they have the gall to charge you interest on those created numbers. Credit card debt is known as Outstanding Revolving Credit.” Mike Maloney, Hidden Secrets of Money Episode 3

86) “If gold were to cover the currency supply today it would be priced at $13,400/oz for history to repeat and for it to do the same thing it did in 1934 and in 1980. If you include the same overshoot as in 1980, it would require $24,000/oz gold. However since the Federal Reserve stated it will continue Quantitative Easing to 2015 until unemployment decreases and the economy gets back on track we would need $26,000/oz gold to cover the currency supply. If you include the same overshoot as in 1980, it would require $47,000/oz gold.” Mike Maloney, Hidden Secrets of Money Episode 3

87) “The is a New World Monetary System coming. It happens every 30-40 years except this time, instead of a baby step off of gold, we’ve got to go from nothing back to something. It’s going to be a world wide convulsion, the scale of which has never been seen before.” Mike Maloney, Hidden Secrets of Money Episode 3

88) “The fundamental driver of gold is that gold is not in a bull market, it’s that the dollar is in a bear market. People ask me ‘How high can the gold go?’ My answer is ‘How low can the dollar go?’ The dollar can go to zero. If you divide any number by zero, the answer is infinity, so gold can go to infinity if the dollar goes to zero. In the real world it’s not that gold becomes worth infinite number of dollars, it’s that the dollar just falls off the stage. There will come a time when you won’t count gold in dollars anymore, because dollars won’t count. People won’t want dollars.” James Rickards, author of “Currency Wars”

89) “Huge fortunes were made in times of crisis. Henry Ford released his Model T car during the stock market panic of 1907-1908. Baxter brings medical technology to the masses during the Great Depression 1929-1939. Elon Musk releases Tesla roadster and grows SpaceX during the crisis of 2008. You have to remain calm, get educated, and be resourceful.” Scott Harris

90) “There is a global loss of confidence in the US dollar that is accelerating rapidly. The change to a new monetary system is inevitable and will most likely be chaotic. Gold Standards do not work over long periods of time, but gold itself does. The public contributes to the massive amount of currency creation by using credit cards and signing loans. Gold has already accounted for the expansion of US dollars twice in the last century and may likely do so again.” Mike Maloney, Hidden Secrets of Money Episode 3

91) “If you knew the Titanic was about to sink and you were on it and you knew there was going to be a lifeboat situation coming soon, would you like to get into the lifeboat early, get a nice seat, maybe close to the water, maybe close to the food supply right there in the middle nice and comfy or do you want to be one of the last ones on the lifeboat jockeying for a position and you have to throw a kid out to make room for you? Depending on how you like you accommodations on the lifeboat means you should be making your way towards it right now and I would be edging towards it right now!” Richard Daughty

92) “For the past 30 years the federal government has been collecting far more Social Security revenue than they’ve paid out in Social Security benefits. The difference is about $2 trillion. So what happened to this $2 trillion? Is it safely in the bank or in Social Security? No! The treasury took it and spent it and put in its place non-marketable IOUs.” Dr. Paul Craig Roberts, Assistant Secretary of the Treasury for Economic Policy under President Ronald Reagan

93) “It’s true that Congress is now overspending hundreds of billions, instead of trillions. But we wonder… what good is “slashing” a diet of four Baconators per day to two when your arteries are already 99% clogged with fat?” Peter Coyne 11/4/13

94) “It was Greenspan who was the horrid chairman of the Federal Reserve who started the ridiculous Keynesian insanity of creating all the mountains of cash and credit that allowed the bank bubble, the dot-com bubble, the housing bubble, the stock market bubble, the bond market bubble, the size-of-government bubble, the national debt bubble, and the staggering, incalculable derivatives bubble, to probably name but a few.” Richard Daughty (Mogambu Guru)

95) “If you concede to the very idea of an income tax then you believe the government owns 100% of your income, they are entitled to make a gift of whatever is left over to you, that you do not have any entitlement to the fruits of your labor, and that the government owns you. The morality behind any income tax is corrupt. When the income tax, IRS, and Federal Reserve Law passed in 1913 the income tax brackets where 1%, 2%, 3%, 4%, and the highest income tax bracket 5%. It turned out that 97% of the population did not qualify for 1% income tax so it was a “tax the rich” law and it had these very low non-burdensome taxes. During WW II and in the 1950s the highest income tax was 92%. The people who pay much income tax employ many people. If they spend all their time moving their currency around so they don’t have to pay as much to the federal government, they’re wasting their time. They need to do things to create more jobs and prosperity. Almost everything the government does limits prosperity. Regarding deficit spending, when the government spends a new unit of currency into circulation it gets its purchasing power by diluting the currency supply and stealing the purchasing power from all the other units of currency. The net gains when doing deficit spending is at most zero, but because the government has all these frictional jobs. There is almost nothing you get from the government that you would actually open up your wallet and pay for. Would you pay the IRS to hire accountants, CPA, and force you to fill out all those forms? All these frictional jobs and people have to get paid somehow. It all comes out of the prosperity of the entire economy. When the government whips up currency to do some deficit spending or sell bonds it doesn’t stimulate the economy. It warps the economy and the net is always less than zero. It destroys prosperity. It does not create prosperity.” Mike Maloney

96) “In 2006, Russia tried to ban the words “euros” and “dollars” from the media and official speech. Now, one lawmaker wishes to ban the use of dollars in Russia at all. The lawmaker, Mikhail Degtyarev, said the dollar was like a Ponzi scheme. He warned that the Russian government would have to bail out Russians holding onto dollars in the event of dollar collapse. ‘If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017’ said Mr. Degtyarev of the Liberal Democrat Party.” Jeff Berwick 11/14/13

97) “As the West continues to devolve the insolvent and bankrupt overly-indebted governments in the West will continue to feed off of the assets of their own citizens at a rising pace – just ask any Cypriot. This is far from just conjecture as it has happened continually throughout modern history.

In 1933, the US government confiscated the gold of its citizens and did not even allow them to own non-jewelry gold until again until the 1970s. More recently, France has increased its top income tax rates to 75% and even tried to move them to 100% as they skirted with going “full commie”. Never go “full commie”.

There have also been a rash of pension fund seizures throughout the West. In 2009, Ireland seized €4 billion from its Pension Reserve fund. In 2010 Hungary told its citizens to remit their private pension funds to the government. Later in 2010 the French parliament took €33 billion from their national reserve pension fund and in 2011 $80 million in private retirement funds were transferred to the state’s pension scheme in Bulgaria. And, in September of this year the Polish government confiscated the bulk of the assets of the country’s private pension funds.

Think it won’t happen in the US? In fact, it already has. Every penny of Socialist InSecurity funds have already been taken and spent by the US government with an IOU left in its place. And Congress has had initial talks about nationalizing IRAs” Jeff Berwick

98) “Statistics are the eyes and ears of the bureaucrat, the politician, the socialistic reformer. Only by statistics can they know, or at least have any idea about, what is going on in the economy. Only by statistics can they find out . . . who ‘needs’ what throughout the economy, and how much federal money should be channeled in what directions.” (“Statistics: Achilles’ Heel of Government” by Murray N. Rothbard)

99) “Statistics are the critical tools of the central planners. Their growth in usage tracks the retrenchment of free markets from the economic landscape. Their manipulation reflects the deterioration of an economy.” Christopher P. Casey

101) “In spite of its alluring name, the welfare state stands or falls by compulsion. It is compulsion imposed upon us with the state’s power to punish noncompliance. Once this is clear, it is equally clear that the welfare state is an evil the same as each and every restriction of freedom.” Wilhelm Ropke, Austrian Economist 1899-1966

1) Hard working citizens are a big dog. Bankers, politicians, Wall Street, and financiers are the fleas and parasites on the dog. We have only scratch them off or shake them off for the blood sucking exploitation to end.

2) Our economy is a dead patient. Ben Bernanke is the physician trying to defibrillate the patient with Quantitative Easing. He has been defibrillating the patient not once, not twice, but 10-20x. The patient is not only dead he is charred. Then Bernanke confidently says, “I think he is improving.”

3) Bankers, Politicians, and World Leaders are Drug addicts. Bankers are addicted to money and Politicians are addicted to power. When they run out of both the solution is an IV injection of more money and more power. Cold Turkey is not an option.

4) Gold/Silver are the thermometers of our economy. They are not to be blamed or given credit when the economy is performing well or poorly.

5) Quantitative Easing is not like freshly printed Federal Reserve Notes is not like rain falling down upon us from the heavens evenly and uniformly.

6) Our monetary system is like a game of musical chairs. When the music stops one person is always left out to dry or is left with the short end of the stick.

7) The evils of Central Banking are like a monster ravaging a city and eating all the pigeons. Bernanke’s solution of Quantitative Easing is to simply supply more pigeons.

8) Central Banking is a cancer that has infected almost every country on Earth. In 2013 there are only 3 countries on Earth still healthy and free of the malignant tumor of Central Banking; Cuba, North Korea, and Iran.

9) “Divine Right to Rule” Things the government can do that citizens cannot.

a) We cannot steal. Government steals regularly and calls it taxation.

b) We cannot kidnap people. Government kidnaps people and calls it military conscription or NDAA detention.

10) “There are three ways to live society; everybody plunders everybody, some people plunder other people, and nobody plunders anybody.” For some reason everybody considers the second option to be the ideal, the height of morality, and the only way human beings can interact. And its considered insane extremism to think that maybe we can live with nobody plundering anybody.” Bastiat, The Law

11) When you have The Federal Reserve that is willing and able to bail out any corporation that acts like an idiot. Guess what, you have corporations acting like idiots!

12) The Federal Income tax goes to pay the interest on the National Debt. 100% of the money collected from income tax is gone before a nickel is spent on services the people expect.

13) Some people say “We need income tax system to fund government.” If that’s true then how did we fund the government from 1776 to 1913?

14) Education is mostly paid for by state and local property taxes. The tax on gasoline pays for American highways.

15) The income tax is a form of wealth redistribution of the middle and lower class.

16) The average “poor” household on government assistance today now receives about $168 per day from taxpayers. These welfare payments, cover food, housing, childcare, and healthcare, average out to about $30 per hour for 40-hour work week, which is far more than millions of working individuals and families make per week.

17) “Income is not wages or labor. It is capital gains or profits made from corporate activity.”

18) The Supreme Court has rules many times that the 16th Amendment gives the Federal government and IRS no new taxing ability. Therefore if the Federal government didn’t have the ability to tax the income of its citizens before the 16th Amendment and the 16th Amendment doesn’t confer it, then they don’t have the ability to require citizens to pay income tax!

19) “Governments have pumped $33 trillion in, over the past five years, and still the world economy stalls–just add more right?”

20) “Leaders walk ahead of the crowd; rulers govern from above.”

21) “There is nothing more dangerous than armed men with Utopian ideals.”

22) Tax revenues are counted once when the taxpayer receives his or her paycheck, and again when the government spends the tax revenue somewhere else. The result is that GDP provides an inflated view of the economy—inflated by the portion of GDP represented by government spending.

24) The lower courts will not allow people to bring in Supreme Court cases as their evidence.

25) “The pages of history shine on instances of the jury’s exercise of its prerogative to disregard instructions of the judge…” US vs Dougherty 1972

26) “Inflation is the increase in the money supply. Price Inflation is the increase in prices. Stealth Inflation is the decrease in the quantity/quality of consumer goods or services in order to keep prices from rising.”

28) “Executive Order #10999 allows the government to take over all modes of transportation.”

29) “Executive Order #11000 allows the government to mobilize citizens into work brigades under government supervision.”

30) “Executive Order #11921 provides that the President can declare a state of emergency that is not defined and Congress cannot review the action for six months.”

31) “Senate Bill #1873 allows the government to vaccinate you with untested vaccines against your will.”

32) “Congressman Sensenbrenner’s bill (HR 1528) requires you to spy on your neighbors, including wearing a wire. Refusal would be punishable by a mandatory prison sentence of at least two years.”

33) “The government claims the power to seize all financial instruments: currency, gold, silver, and everything else if they deem an emergency exists.” Treasury Department Letter, August 12, 2005

34) “There are 190 countries in the world. America has military bases in 156 of them.”

35) “The Patriot Act permits: secret FBI and police searches of your home and office, secret government wiretaps on your phone, computer, and/or Internet activity, secret investigations of your bank records, credit cards, and other financial records, secret investigations of your library and book activities, secret examination of your medical, travel, and business records, the freezing of funds and assets without prior notice or appeal, the creation of secret “watch lists” that ban those named from air or other travel.”

36) “The constitution is just a goddamn piece of paper.” George W. Bush, November 2005

37) “During the 1990s President Clinton monitored millions of private phone calls placed by US citizens. He did this under a secret program code named Echelon. The widespread use of wiretapping Americans during the Clinton administration proves this practice was not started because of 9/11, but is standard procedure.”

38) “The Federal Reserve is buying $1 trillion of assets per year, half of which goes to mortgage backed securities and half goes to US treasury bonds. The growth of the money supply in the last 10 years exceeds the creation of all money from 1776 to 2003.” Dr. Paul Craig Roberts, former Assistant Secretary of the Treasury for the Reagan Administration

39) “The United States used to measure economic prosperity in terms of GNP. Since the first Bush Administration it has measured it in terms of GDP. With GDP you have the total value of goods and services produced within the territorial boundary of a country. With GNP you have the total value of goods and services produced by all nationals of a country (whether within or outside the country). The difference is GDP doesn’t take into account the trade deficit. It is kinder to a debtor nation such as ours.”

40) “The ancient coins are excellent in point of standard; they are assuredly the best of all moneys; they alone are well struck and give a pure ring; everywhere they obtain currency, both in Greece and in strange lands; yet we make no use of them and prefer those bad copper pieces quite recently issued and so wretchedly struck.” Aristophanes ‘The Frog’ written in 405 BC, page 344

41) “If you take in only 1000 coins and spend 2000 coins by melting them down and adding copper. This is the first example of deficit spending.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

42) “Athens began to debase their coinage in approximately 434 BC during the 27 year Peloponnesian Wars with Sparta. They also had embarked on expensive public works such as The Temple of Athena Nike during war. This crippled the economy further as it did not allow Athens to heal from the great expense of the war.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

43) “Our money supply has quadrupled in less than 5 years. The Federal Reserve has grown the monetary base from $827 billion to $3.1 trillion in five years. At the same time banks have stuck $2 trillion more than required in reserves at the Fed.” Doug French

44) “One quadrillion or $1,000 trillion yen in government debt has been accumulated in Japan.” Greg Guenthner, August 13th, 2013

45) “You can’t, forever, have more claims on assets than there are assets, and a financial system that’s in that condition is in a very serious situation. And it’s true across the board, it’s not just in the gold market.” Paul Craig Roberts

46) “Due to Gresham’s Law gold and silver started to disappear from circulation from 431-404 BC as people spent the government enforced copper coins and hoarded the gold/silver coins. Suddenly it took a whole bunch of copper coins to buy a gold/silver coin. This is the first time gold or silver ever had a price. Before that everything was measured in a weight of gold/silver.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

47) “Athens minted these debased coins until they were just copper flecks. This was the world’s first hyperinflation. It financially debilitated Athens until in 404 BC they surrendered to Sparta and eventually they became nothing but a satellite of Rome.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

48) “The Seven Stages of Empire is essentially a pendulum that swings from Quality Money to Quantity Currency and back to Quality Money. It always ends with gold delivering a knockout blow to debased currencies. Stage One: a country starts out with good money, which is either gold, or silver or it is backed by gold or silver. Stage Two: as it develops economically it begins to take on more burdens adding layer upon layer of public works. Stage Three: as its economic affluence grows so does its political influence, and it increased expenditures to fund a massive military. Stage Four: eventually it puts its military to use and its expenditures explode. Stage Five: to fund the war it steals the wealth of its people by debasing their coinage with base metals or by replacing their money with currency that can be created in unlimited quantities. Stage Six: the loss in purchasing power of the expanded currency supply is sensed by the population and the financial markets triggering a loss of faith in the currency. Stage Seven: a mass movement out of currency into precious metals and other tangible assets takes place. The currency collapses and gold/silver rise in price as they account for the huge quantity of currency that was created. This process transfers massive wealth to those who had the foresight to position themselves beforehand in real money, gold and silver.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

49) “The same deficit spending to fund massive public works and the debasement of their currency that was happening in Greece in 407 BC caused them to become nothing but a satellite of Rome. Today they are becoming nothing but a satellite of the banks.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

50) “What follows is 140 years of monetary history explained in condensed form. It started in 1873 when Germany went on the classical gold standard where each unit of currency was 100% backed up by an equivalent amount of gold in the treasury. Currency was a claim check or receipt on money, gold/silver, and could be demanded at any time. This provides governments the ability to build the public confidence in paper currency. In WWI this link to gold was severed when they lit up the printing presses like mad to fund the war machine. Between world wars we went on the gold exchange standard. Since 1913 the Federal Reserve was allowed to print up $100 of bills for every $40 of gold, a 40% reserve gold ratio. During both wars Europe paid the US with gold in exchange for consumer goods, grains, tanks, weapons, and artillery. The US only entered WWI during the last year of the war. In WWII Hitler comes to power in 1936. He invades Austria in 1936 and Poland in 1939. The attack on Pearl Harbor was 1941 but we didn’t have troops on the ground until 1942 so again they are paying us in gold for 6 years. Thus the myth of “War is good for the economy” is born. War is good for the economy if you’re not in it and you are selling the tools of the trade! By the end of WWII the US owned 2/3 of the world’s monetary gold. The rest of the world had to share the other 1/3 and Europe had none. The global monetary system collapsed but we had made many loans to Europe in dollars. Europe was flooded in dollars.

The Bretton Woods Agreement was born out of a meeting of world representatives in Bretton Woods, New Hampshire. Every currency on the planet would be backed by the US dollar and the US dollar would be backed by gold at $35/oz. This gave confidence to the world’s currencies. There were no floating currencies. Exchange rates were fixed. This helped to boost world trade. Under the Bretton Woods system there was no reserve ratio established. The US was free to print dollars. We had done a bunch of deficit spending for Korea, Vietnam, and for President Johnson’s Great Society. The US exported its paper dollars to countries all over the world. In the late 1960’s President Charles De Gaulle of France realizes we don’t have the gold to back up the dollars and asked for their gold. Other countries saw this and joined in. The US lost 50% of it’s gold from 1959-1971. In 1971 we still had 12x more dollars we created than gold to back it. This was a run on the US bank for gold, a giant worldwide bank run. The US committed a fraud for the second time by printing more receipts for gold than there was gold. In 1971 President Nixon was forced to take us off the gold standard because if he had paid out the gold until it got to zero, once we couldn’t pay on some of those dollars, the entire worldwide monetary system would have collapsed.

On August 15, 1971 all the world currencies became fiat currencies. There has been thousands upon thousands upon thousands of fiat currencies in history and none have survived. It is a 100% failure rate. The world will have a new monetary system in this decade. The world will experience a huge deflationary crash. All countries will probably experience hyperinflation all currencies as the world’s central banks try desperately to print their way out of this. People will just lose confidence in currencies. What do people always go back to time and again for the last 5000 years? They always go back to gold and silver.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

51) “All currencies bob up and down relative to each other but they are all sinking relative to gold. They are going to continue to lose value and purchasing power.” James Turk

52) “There is no way to fix what is coming. We can let it wipe us out or learn to benefit from it. I want to make sure it’s not just the big investors who are ending up with all the cookies. I want to make sure there are as many small investors as possible benefiting from it because that’s what makes society run, middle class, small investor.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

53) “The Seven Stages of Empire:

1) Sound Money

2) Layers of Public Works and Social Programs

3) Develops a Massive Military

4) Puts that military to use i.e. war

5) Currency Debasement to pay for the way

6) Which causes a loss of faith in the currency

7) Which then leads to a currency crisis and gold does an accounting of that expansion of that fiat currency supply that happened over all those years of the first 5 stages.

We are in the 6th and beginning the 7th stage. Gold started its accounting in 2001 when it was $250/oz but we’re still in the very early stages.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

54) “Money was born in roughly 630 BC when it became fungible. It was free markets and sound money that lead to Athens’ great prosperity. Debasement of their money for deficit spending on wars and public works played a large role in their demise. Over the past 140 years we have debased our own currencies to the point where two generations of scholars don’t even understand gold. In recent history there has been a new monetary system roughly every 40 years. We are in the 6th stage of the 7 Stages of Empire.” Mike Maloney, ‘Hidden Secrets of Money’ Episode 2

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